Wasting Time With Alex
Wednesday, June 09, 2010
It’s Bush’s fault that Obama is going to double the deficit!
Well, no, but that’s the surefire argument these morons that still believe this Kenysian stuff actually has a chance in hell of working are going to have to defend their policies with, because as this article points out, we are now looking at close to $20 trillion in U.S debt by 2015.Here is the relevant quote:
June 8 (Reuters) - The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress. The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.
Yeah, good luck with that last bit. It’s great credit to the resilience of the American economy that the most hostile and destructive administration I have ever witnessed has managed to only drop our GDP to 93% with all their horribly costly and insane job and economy killing “tax & spend” policies. They have flushed $1 trillion down the drain through the stimulus patronage bill. They are presiding over the ever expanding largesse of our tax payer dollars for corporate fat cats – which they then promptly and successfully blamed on Bush and republicans while continuing to dole out the goodies – that have become too big to fail. And then under regulations they rigged to force lenders to give money to high risk entities anyone but people that live in the collectivist la-la land figured out would sooner than later come back to bite us, which they then promptly demanded the right to “fix”, while leaving the fundamental and underlying problem not just in place, but expanding the chance of more of the same. Don’t forget the healthcare takeover by government that is sure to cost us another healthy $1-3 trillion dollars a year as soon as the first 10 years are over. That gimmick of taxing us for a decade to provide 5 years of coverage will only work that once. After that, we are toast. And they are still looking to do more damage to those of us that make a living in the private sector. Be happy we are down to just 93%. It could have been worse.
And that brings me to that deluded 103% projection. Not going to happen with these people and their ideas in charge. In fact, if they do more of the same we are going to be lucky to keep the GDP the same. You can only funnel so much money from the productive to the unproductive sector before things go real bad. Of course they won’t blame their ideological beliefs and policies:
The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.
Yeah, blame those evil Bush wars! After all, Bush is the one that went looking for them, and we could have avoided them completely, if you believe these morons. Even if they cost a mere pittance compared to the real pricy things, like that healthcare takeover or the massive increase in additional entitlement spending, which if you notice remain unmentioned. And nary a word of the insanity that these policies of addressing the rapidly growing debt by creating even more debt signifies. Go figure. This is what you get when the “progressives” talk about fiscal discipline. It never is about debt or deficits, just that they aren’t the ones robbing us blind.
Blogging • Insane Stuff • Conflicts & Wars • War on Terror • All Things Government • Elections • Economics • News • Liberal Media • The Left • (0) Comments • (0) Trackbacks • Permalink